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Property profile & analytics
OFF-MARKET
Investment properties

107 Main St Sherman, NY 14781

3,192 SF 0.12 ac lot Built 1900
Entity Owned 13-yr Hold Free & Clear
Property ID
US63-0627437
Property summary
AI-generated overview

This exceptional investment opportunity presents a two-story commercial building ideally situated in the vibrant village of Sherman, NY, at 107 E Main St. Boasting a substantial 3,654 square feet on a 0.12-acre lot, this property offers two distinct income streams. The ground floor, previously occupied by a liquor store, features ample space, abundant storage, and excellent lighting, making it highly attractive to a variety of commercial tenants. The layout is well-designed for efficient operation and maximum utilization of space. The upper level comprises a fully updated three-bedroom apartment, complete with a full bathroom, a spacious kitchen, a laundry room, and a comfortable living room. Access to the apartment is provided via three doorways—two from a Main Street entrance and stairway, and one from a rear exterior door leading to a separate stairway at the back of the building. Recent upgrades, facilitated by village grants, include a new awning and enhanced lighting at the Main Street entrance, enhancing both curb appeal and tenant appeal. This property's prime location on a busy village street ensures consistent high visibility and foot traffic, contributing to its strong rental potential. The combination of a well-maintained commercial space and a profitable residential unit makes this a truly compelling investment opportunity, offering a solid return on investment for discerning buyers. Priced at $145,000.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 3,192 SF
Lot 0.12 ac (5,227 SF)
APN 066601 328.10-1-26
UPID US63-0627437
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Susan's Pantry & Salvage Food Bank Charitable Organization
  • B K Wine & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Bone Creek LLC · 13 yrs held
Bone Creek LLC
since 2012
1 recorded transaction
2012
$35,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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